helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

Blazetrailer:
At this stage, Nigerians would welcome Burahi and Osinbanjo back with wild jubilation and carnival like street parade

helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

Malroux:
Imagine how you have become a clown here. The other old nairaland members, when they speak, people listen. but you, everyone is seeing you same way they look at that man with a torn clothe living under Oshodi bridge. If I were you, I would take a break from here, then relaunch myself with a different mentality.

Eriokanmi:
They even called us Ibo. Imagine . They called a lot of us omo ales(bastardss) just because we didn't join them in supporting evil. Is Tinubu our father? He knows the number of his children so, how can we be omo ale .? The Alimosho where I belong, the largest LG in Nigeria by population, we voted out Tinubu. The population of yoruba here is 95% Only 5% are ibos and others. Saying ibos didn't like Tinubu by voting him out in lagos is a tale from the moonlight. They should stop sinning to God by attacking these people. We yorubas killed his victory in lagos. We know Tinubu much better than the outsiders.

helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

Everlastingson:

After you voted for Tinubu you now think Atiku would've been better. You're still blind. The day you receive sight you'll be sincere yourself and admit that Peter Obi is the man Nigeria needs. Wicked man .

Everlastingson:


Stop pretending to love Nigeria or to want Nigeria to move forward. People like you are part of the problem. You better quit the forum for now coz your hypocrisy is disgusting. You're filled with hate and tribalism. You want good governance but hate and voted against the best candidate. Go and sleep.

Mccollins042:

Bring your own economics that proves that a slowed down market / low purchasing capacity improves the economy
Balablu economy

helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

Amah70:


Thousands of traders in Ariaria Market Aba studied Economics more than you. Go and ask questions.

Nyamiriflathed:
Fake news.
He said that to tell Osibanjo and Buhari to lower the tax. How can a professor fall for chopped propaganda video.

Full video here:
https://twitter.com/jeffphilips1/status/1788250422936789496?t=rkheXHJ7gmVReMBFu8DolA&s=19

Blazetrailer:
..But Tinubu is proposing to doubke the VAT rate from 2025.

Who would you believe more? Someone who stated that others should not increase VAT so as not to impoverish the people the more or the one that is actually proposing it??

Nyamiriflathed:

Then that's a different topic entirely if true. Please add a topic to Tinubu saying he would double the VAT as well.

But as per the 2019 speech, that's a big fat lie by farook.

Kennitrust:
that idiot doesn't miss a post on nairaland, I wonder how much they pay him to monitor nairaland to defend his bulabu master.

Blazetrailer:
I was going to ignore you at first, seeing that your initial posts shows your lack of depth, but then, I also saw it as an opportunity to throw a few things into the open here. Now let me make you understand that brazen spending in an inflationary economy heading towards recession, as Nigeria's current one, is a recipe for disaster. Imagine what the Nigerian governemt is currently doing, creating an expansionary budget hinged on borrowings to fund senseless spending (they have been sending N50k palliative money to households recently), likely to increase wages, fuel subsides, etc in the guise of spending its way out of a receding economy...it will end in monumental failure. Its not done anywhere. This is why the CBN GOVERNOR spoke out recently against the government as those spending are worsening inflation while making all the efforts of CBN to fight inflation ineffective and not being yielding any results. In fact, new projections are that inflation will be near 40% by end of 2024.

Spending your way out of inflation is used as a means of fighting inflation when you have productive sectors in the economy that can galvanise your economy back. It is called structural spending and only a good option if you have productive sectors that manufacture, or other value creating sectors(not extractive ones) which will sustain employment, generate productivity and keep the economic cycle going while other sectors recuperate and start their cyclical recovery. What you do is to give the manufacturers free loans or grants at zero rates to help them stabilise....and will be collected back. This was used in 2008 by US to first stabilise their economy and fight the recession that emanated as soon as Obama came in. Nigeria does not have same structure so doing it widely is not only dumb, it will create more inflation. Buharis govt tried to do this with agricultural sector/ Anchor borrowing but it was mismanaged completely.

What is best for an unproductive economy with spiralling inflation is called "Quantitative Easing" where the Govt, through the CBN, mops up excess liquidity in the economy using monetary instruments while the Govt. curbs indiscipline spending.
Again, What Nigeria needs now is Quantutative easing ans not spending its way out of recession. It will worsen the inflation, in fact, Nigeria will become a new Zimbabwe if that continues.

Tinubus Govt is getting everything wrong. He set Nigeria backwards 20 years by devaluing the currency without thinking probably in his drunken stupor.

Volksfuhrer:
Mr Kperogi Farook, it’s too early for all this. When you restructure an economy, it gets worse before it gets better. Mobility of resources isn’t instantaneous, it takes time: hence the externalities we are witnessing now. A little research on your part would have done you a lot of good even if you had never taken a course in economics! The Freudian slip you inferred was petty; you are a PhD, you should know better!

Mccollins042:

All you wrote is inconsequential because you got it all wrong.
If the government is spending unnecessarily it will lead to inflation but in this case what we are talking about is the spending power of the citizens and not the FG. Try and understand b4 writing unnecessary epistles

brain54:
Those familiar with how Tinubu ran Lagos economy...

Wouldn't be surprised by his high "tax drive".

The worst part is THIS IS JUST THE BEGINNING.

Tinubu was a mistake.

On hindsight Of the 3 Frontline candidates Atiku would have done a better job of stabilizing the economy!

helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

Volksfuhrer:
Mr Kperogi Farook, it’s too early for all this. When you restructure an economy, it gets worse before it gets better. Mobility of resources isn’t instantaneous, it takes time: hence the externalities we are witnessing now. A little research on your part would have done you a lot of good even if you had never taken a course in economics! The Freudian slip you inferred was petty; you are a PhD, you should know better!

babasolution:
These stupid and wicked writers,when people were highliting the danger of voting in this wicked government they were writing praises for the candidate now they are acting the fool.

Honestly these Nigerians are disgusting

helinues:


Farooq should stop all this unnecessary wailing

The USA Farooq is hiding, he should tell us about the economic hardship the Americans are going through

Blazetrailer:
No point made. Go and read my response to your fellow dunce up there. Now, scram and go back to you hiding, you infantile conjecture.

Amah70:

Ha ha ha. Typical of the most shofistichiWretched tribe - dunce, scram, infantile - abuse opponent through multiple insulting epithets in a line when he sees he is losing an argument.